For loan ops professionals, does anyone have a well-defined risk-based approach for resolving loan document exceptions? A manager left us and apparently some loan document exceptions are rather old. For example, a schedule of loan documents and acceptable days outstanding. In my mind, certainly any document pertaining to the perfection of the bank's collateral interest, loan agreements (i.e. note, security agreement), and compliance documents are highest risk and should be resolved asap. Then there are documents that are less critical, but you wouldn't want to appear before a court without. Finally, there are loan documents that our procedures require to be retained in the loan file, but don't need to be in the file tomorrow. Catch my drift?